Aircraft Parts in Philippines | The Observatory of Economic Complexity

About

Exports In 2022, Philippines exported $237M in Aircraft Parts, making it the 33rd largest exporter of Aircraft Parts in the world. At the same year, Aircraft Parts was the 52nd most exported product in Philippines. The main destination of Aircraft Parts exports from Philippines are: United States ($93.6M), Singapore ($36M), China ($14.6M), Japan ($13.3M), and France ($10.2M).

The fastest growing export markets for Aircraft Parts of Philippines between 2021 and 2022 were United States ($39.8M), Singapore ($6.68M), and Malaysia ($3.57M).

Imports In 2022, Philippines imported $283M in Aircraft Parts, becoming the 31st largest importer of Aircraft Parts in the world. At the same year, Aircraft Parts was the 121st most imported product in Philippines. Philippines imports Aircraft Parts primarily from: Singapore ($61M), United States ($38.7M), Germany ($25.2M), Israel ($22.2M), and United Kingdom ($14.7M).

The fastest growing import markets in Aircraft Parts for Philippines between 2021 and 2022 were Singapore ($36.8M), Israel ($21.7M), and Germany ($13.6M).

COMPANIES In 2020, leading companies such as were at the forefront of shipping Aircraft Parts from Philippines to the United States.

Latest Trends

August 2021

About

Overview In August 2021 Philippines' Aircraft Parts exports accounted up to $27.2M and imports accounted up to $26.3M, resulting in a positive trade balance of $931k. Between August 2020 and August 2021 the exports of Philippines' Aircraft Parts have increased by $3.82M (16.4%) from $23.4M to $27.2M, while imports decreased by $-3.12M (-10.6%) from $29.4M to $26.3M.

Destinations In August 2021, Aircraft Parts were exported mostly to United States ($6.57M), France ($6.54M), Japan ($2.2M), Russia ($1.93M), and China ($1.74M), and were imported mostly from United States ($9.45M), China ($3.52M), Japan ($3.1M), Singapore ($2.26M), and France ($1.68M).

Growth In August 2021, the increase in Aircraft Parts's year-by-year exports was explained primarily by an increase in exports to Germany ($1.26M or 101%), Qatar ($500k or 2.98k%), and China ($497k or 37.8%). In August 2021, the decrease in Aircraft Parts's year-by-year imports was explained primarily by a decrease in imports from Germany ($-28.3M or -96.8%), France ($-6.54M or -79%), and United Kingdom ($-5.91M or -73.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2020 - August 2021)$3.82M(16.4%)

IMPORT GROWTH (August 2020 - August 2021)$-3.12M(-10.6%)

MAIN DESTINATION (August 2021)United States$6.57M

This section shows Aircraft Parts's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Aircraft Parts over time.

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